New York – February 15, 2010 – Fascet LLC, a leading provider of enterprise data management solutions for investment managers, announced today that Lighthouse Investment Partners, LLC has implemented its Trade Communicator solution to scale its managed account program and permit T+0 transparency reporting.
Fascet Trade Communicator, a post-trade notification solution that processes any asset type including complex OTC derivatives, is now offered in a cost-effective Software-as-a-Service (SaaS) delivery model. Trade Communicator was co-designed with Lighthouse in order to meet the challenges related to T+0 trade reporting for a high volume managed account program and to meet the complex transaction processing requirements of banks, hedge funds, administrators, investment advisors, and broker dealers. Over 90 Investment Managers now use Trade Communicator to notify counterparties of transaction details on a daily basis.
“Due to the wide variety of trade execution practices and order management systems the ability to normalize, centralize and manage daily trade reporting and metrics for all of our managers has been a critical element of the success of our managed account program. Our strategic partnership with Fascet has enabled a thoughtful and timely deployment of the Trade Communicator solution to all of our managed account sub-advisors,” said Rob Swan, Chief Operating Officer at Lighthouse.
“We are very excited about the strategic partnership with Lighthouse. They have been invaluable as a partner in co-designing the Trade Communicator solution to meet the complex needs of a large managed account platform.” said Chuck Ross, Senior Partner at Fascet LLC. “Fascet is proud to provide a data communication, validation, and reporting platform across virtually any security type in an easy to deploy, cost effective model.”
About Lighthouse Investment Partners
Founded in 1999, Lighthouse Investment Partners, LLC is a fund of hedge funds investment adviser managing approximately $5 billion for institutional and private investors with offices in Florida, Chicago, New York, London and Hong Kong. The proprietary managed account program is the hallmark of Lighthouse’s investment process. For more information: http://www.lighthousepartners.com
The information provided herein does not constitute an offer to sell or a solicitation of an offer to buy interests in any Lighthouse-managed investment fund. Such an offer shall only be made to accredited investors and qualified purchasers through a private offering memorandum and related subscription documents. Investing in hedge funds is intended for experienced and sophisticated investors only who are willing to bear the high economic risks of the investment.
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